and now ban the sale of large sodas and sugary drinks at restaurants. to curb obesity. like that is going to help. more than 200 of these laws will now be on the books come january 1. call me crazy or what. for more on what will look like in the new year, joined by university of maryland economics professor peter morrissey. great to see you again, has been a while, glad to have you back on. we talked about this before but what happens if we go over the cliff, the recession if there is no new deal. what people don't talk about, everybody agrees there'll be some sort of a recession and there is no deal. will the market be happy with any deal or are they looking for something specific? >> any deal would make them happy because that would mean we wouldn't have a recession necessarily. longer-term the market will require the united states to get a handle on the fiscal issues and to start to have a manageable plan on the deficits. we don't get that done in 2013, our bond rating will go down and maybe we print our own money. however i think we see in equity markets long-term f